If I have a judgement from 7 years ago regarding a credit card and now I have been offered a business to purchase, is it possible to do so?
Question Details: I believe it has to be in my name.
It is possible IF the business seller chooses to sell to you, and you choose to buy under the terms they offer. The law does not specify who can buy a business and what level of credit is necessary for it--it is up to the parties. The seller could refuse to sell to anyone without perfect credit, or they could have no problem with this judgment. Similarly, a bank or other lender (if you need financing) could consider you a bad risk and refuse to sell (since banks, etc. are free to decide when and to whom, on what terms, they will lend), or the bank/lender could extend you the financing. There is no legal bar to buying the business, but it's up to the seller and the bank (if you need financing) to decide whether to do so or not.